CARACAS, (Reuters) – Venezuela arrested an oil ministry official in charge of overseeing the domestic fuel market on suspicion of corruption, the state prosecutor’s office said in a statement yesterday.
The official, Nubia Parada, will be brought to court in the coming hours, the statement said, without providing additional details of what she is accused of.
The OPEC nation’s gasoline is so heavily subsidized that one gallon costs just $0.02 at the strongest official exchange rate. That has created a lucrative business for smugglers moving fuel across the border to neighboring Colombia.
